Citigroup Inc. Purchases 27,454 Shares of Ryanair Holdings PLC $RYAAY

Citigroup Inc. grew its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 67.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,083 shares of the transportation company’s stock after purchasing an additional 27,454 shares during the quarter. Citigroup Inc.’s holdings in Ryanair were worth $4,100,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of RYAAY. Blue Trust Inc. lifted its holdings in Ryanair by 3.8% in the third quarter. Blue Trust Inc. now owns 5,043 shares of the transportation company’s stock valued at $304,000 after buying an additional 186 shares during the period. Evelyn Partners Investment Management Services Ltd raised its position in shares of Ryanair by 40.4% in the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 702 shares of the transportation company’s stock worth $44,000 after acquiring an additional 202 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Ryanair by 3.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 5,834 shares of the transportation company’s stock valued at $336,000 after purchasing an additional 217 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Ryanair by 2.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 8,042 shares of the transportation company’s stock valued at $484,000 after purchasing an additional 225 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in Ryanair by 68.1% during the third quarter. Global Retirement Partners LLC now owns 684 shares of the transportation company’s stock worth $41,000 after purchasing an additional 277 shares during the period. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Weiss Ratings lowered Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 24th. Wall Street Zen downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Erste Group Bank lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a research note on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.50.

Ryanair Stock Performance

RYAAY opened at $65.12 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average price is $68.89 and its two-hundred day moving average price is $65.20. Ryanair Holdings PLC has a 1-year low of $38.52 and a 1-year high of $74.24. The company has a market cap of $34.14 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 0.60 and a beta of 1.22.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Monday, January 26th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Ryanair had a net margin of 15.04% and a return on equity of 29.76%. On average, analysts expect that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, January 16th were issued a dividend of $0.4545 per share. The ex-dividend date of this dividend was Friday, January 16th. Ryanair’s payout ratio is currently 14.26%.

Ryanair Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.